The news comes the same day NBC cut their new drama The Player down from 13 episodes to nine.
Starring Don Johnson and Chace Crawford, Blood & Oil follows a young couple who move to the booming North Dakota oil fields to hit it big. The primetime soap premiered on September 27 to around 6.3 million viewers. But in recent weeks, ratings have declined by almost half.
The series has not been officially cancelled yet and will continue in its current timeslot until the tenth episode airs later this fall.
What do you think? Do you watch Blood & Oil? Would you like to see more?